AmyC: Thank you for your response. The inconsistency is in your item #4 under mortgage interest expense for the purchaser who is my son. I am helping him do his return on Turbo Tax. Your saying I should check the box that this is a seller financed loan and did not receive a form 1098. But it is NOT a seller financed loan as I was not the seller and had nothing to do with the seller. I simply loaned my son the funds under an executed, recorded mortgage to help him purchase his home from a third party. The Turbo Tax problem that needs to be corrected is that your screen only allows for one reason that a form 1098 was not received and that reason is if it was a seller financed loan. But that is not the only reason that a purchaser would not receive a form 1098 as in my case. The goal on my son's tax return is to get the interest expense onto the correct line 8b (not 8a) on Schedule A, Itemized Deductions. Checking the box for seller financed loan will do that but it is not an accurate description of the transaction since the lender (me) was not the seller. Thank you in advance for a further response.
